Posts Tagged ‘nationalization’
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5 March 2009
Handling the Bank Bailouts
As of this writing, the Citibank closed the previous day’s trading at $1.20 per share. This gives them a market capitalization of just over $6 billion dollars. Specifically, this means all the common stock of Citibank is worth $6 billion dollars. In November, the US Government “injected” $20 billion and guaranteed $306 billion of Citibank’s assets. Citibank has been “bailed out” repeatedly and has had a total of $45 billion of taxpayer money channeled to it. This leads to one simple question:
How is Citibank Solvent?
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Copyright 2009 PersonalFinanceAndInvesting.com, your source for information on Personal Finance and Investing.